Statistics Brief of Italian Silk Goods Trade January to August 2024

In the previous article, we explored the trade situation of Indian silk. Interested readers can check out that article for more information. In this article, we focus on the trade of Italian silk goods from January to August 2024.

Source: China Chamber of Commerce, Import and Export of Textiles
Author: Silk Department
Date: 2024-10-22

According to Eurostat data, from January to August, Italy’s trade in silk goods amounted to USD 3.516 billion, a year-over-year decrease of 6.75%. Exports totaled USD 2.353 billion, down by 5.15% year-over-year, while imports reached USD 1.163 billion, down by 9.83% year-over-year. (See attached tables for details.)

Exports

Table 1: Export Statistics of Total Italian Silk Goods to Major Markets

(USD 10,000)

Source: GTF

Table 2: Export Statistics of Italian Raw Silk to Major Markets

(USD 10,000)

Source: GTF

Table 3: Export Volume of Italian Raw Silk to Major Markets

(ton, USD/kg)

Source: GTF

Table 4: Export Statistics of Italian Silk Fabrics to Major Markets

(USD 10,000)

Source: GTF

Table 5: Export Statistics of Italian Silk Finished Products to Major Markets

(USD 10,000)

Source: GTF

Imports

Table 6: Import Statistics of Total Italy’s Silk Goods from Major Sources

(USD 10,000)

Source: GTF

Table 7: Import Statistics of Italy’s Raw Silk from Major Sources

(USD 10,000)

Source: GTF

Table 8: Import Volume of Italy’s Raw Silk from Major Sources

(ton, USD/kg)

Source: GTF

Table 9: Import Statistics of Italy’s Silk Fabrics from Major Sources

(USD 10,000)

Source: GTF

Table 10: Import Statistics of Italy’s Silk Finished Products from Major Sources

(USD 10,000)

Source: GTF

(Note: This article is published on esilk.net to provide more industry information; the content is for reference only.)

This article provides insights into the trade situation of Italian silk goods from January to August 2024:

1. Total Trade Volume: The total trade volume of Italian silk goods reached USD 3.516 billion, reflecting a year-over-year decline of 6.75%. Exports amounted to USD 2.353 billion, down by 5.15% year-over-year, while imports were USD 1.163 billion, down by 9.83%.
2. Export Market Analysis:
   • Main Export Markets: France, the USA, Germany, and China are the primary export markets for Italian silk goods. Despite an overall decline in exports, the Chinese and Spanish markets saw modest growth, with increases of 3.75% and 0.66%, respectively.
   • Raw Silk Exports: Italy’s raw silk exports varied significantly across markets, with notable growth in Germany and Austria, showing increases of 159.71% and 197.99%, respectively.
   • Silk Fabrics and Finished Products: France, Sri Lanka, and Tunisia are major markets for Italian silk fabrics, although most markets experienced declines in export values.
3. Import Source Analysis:
   • Main Import Sources: Italy imports a substantial volume of silk goods from China, France, and Romania. China remains Italy’s largest import source, although its import value decreased by 3.81% year-over-year.
   • Raw Silk Imports: Romania and China are the primary suppliers of raw silk to Italy, accounting for over 80% of total imports. While the overall import volume decreased by 15.84%, imports from Austria surged by 981.04%, indicating its potential as an emerging supplier.
4. Price Changes: For exports, the price of Italian raw silk declined. On the import side, raw silk prices remained relatively stable, though there were significant price variations among suppliers, such as a 12.01% decrease in import prices from Germany.

Overall, this article highlights a downward trend in the trade of Italian silk goods during the first eight months of 2024. However, there are some positive aspects in specific markets and product categories, such as increased exports to China and Austria’s emergence as a prominent supplier of raw silk. This data provides insight into Italy’s changing position in the global silk market and fluctuating demand across different countries.

For insights into the U.S. silk trade situation from January to August 2024, please refer to our previous blog. To learn more about silk products, follow the DOCSUN blog. If you’re interested in silk products, visit our website: https://www.docsunhomeandliving.com/